If it's peer to peer, who is collecting the money?
Thus far the model has essentially been 'an anonymous + peer-to-peer localbitcoins'. The biggest differentiator between the two of us was that our back-end was completely p2p + anonymous -- the mechanics of actually executing a localbitcoins exchange are challenging if you truly want to maintain anonymity, not to mention the price lag, and the current workflow of Elqnt wasn't going to completely solve the mechanics aspect, but did solve the anonymity aspect.
However, just in the past few days I've been developing a new idea around mesh exchange utilizing the Elqnt p2p framework. This is 'The Holy Grail' of Bitcoin exchange and I may have figured out how to do it.
This new track is going to pause the deploy of the exchange because it may substantially change the infrastructure, but with the result of a much better exchange.
I'll post some updates in the coming days.
In the mean time, if anyone is a solid Android dev, I'd love to talk --
stephen@elqnt.orgStephen